CVC, Argyle Street exit Indonesian retailer Matahari in $223m share sale

Private equity firms CVC and Argyle Street Management have offloaded shares worth Rp3.02 trillion ($223 million) in Indonesia’s retailer Matahari Department Store. The shares were sold at Rp17,250 each – representing 8.3 per cent discount to the stock’s Wednesday close of Rp18,800.